(THE NEWSMAN OF INDIA.COM)
Ashishkumar Chauhan, MD & CEO of NSE Ltd, has congratulated Prime Minister Narendra Modi and Finance Minister on the announcement of the new GST reforms, describing them as a transformative step that will further accelerate India’s economic growth.

Chauhan observed that the introduction of GST itself was among the most significant reforms in India’s economic history, creating a unified, transparent, and efficient tax regime. The latest measures, he said, build on that foundation with far-reaching impact.

According to him, the reforms will:

• Reduce the overall tax burden on citizens and businesses, boosting profitability, productivity, and investments that drive India’s growth.
• Reflect the strong confidence in India’s fiscal stability and long-term growth trajectory.
• Strengthen tax compliance by simplifying structures and encouraging broader participation in the formal economy.
• Provide relief to small businessmen by keeping them outside the GST net, allowing them to channel their energies into expansion rather than tax administration.
• Ease the cost of living for the poor and middle class as prices of essential goods become more affordable, while improving overall compliance.

Chauhan described the reforms as confident and forward-looking, signaling that India is well on course for sustained and rapid growth. He added that the capital markets welcome these steps and are ready to support the next phase of the nation’s development journey.